Santiago Donato
Investor Relations Officer

Good afternoon, everyone. I'm Santiago Donato, Investor Relations Officer of Cresud, and I welcome you to the Third Quarter of 2026 Results Conference Call. First of all, I would like to remind you that both audio and slide show may be accessed through company's Investor Relations website at www.cresud.com.ar by clicking on the banner webcast link. The following presentation and the earnings release are also available for download on the company website. [Operator Instructions]

Before we begin, I would like to remind you that this call is being recorded and that information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties, and actual results may differ materially. Please refer to the detailed note in the company's earnings release regarding forward-looking statements.

I will now turn the call over to Mr. Alejandro Elsztain, CEO.

Alejandro Elsztain
Second Vice Chairman, CEO, & GM

Good afternoon, everybody. We are beginning the highlights of the first 9 months of '26. And we are progressing a very good campaign that is a record planted area between owned and leased and with favorable conditions, and we're going to see later how the yields are good in general. So we are surpassing our volumes of the past.

Related to the prices of the commodities, there was some raising in the price of commodities, but input costs, too. So that is making margins not to be so profitable, but still very good for the year. And the last 2 months, we began to see a